PHOENIX—Proximity to the Southwest's major urban areas and high-quality assets continues to attract capital and propel Phoenix industrial sales. An example of that type of high-quality asset is the fully leased, class-A industrial property, Buckeye Logistics Center . The Koll Company recently purchased the asset for $74.75 million. This was a partnership between The Koll Company and Seera Investment Bank B.S.C.(c), a private equity firm based in the Kingdom of Bahrain with investments across global markets. Gerald O. Yahr Buckeye Logistics Center is located two miles from the Interstate 10 freeway, which connects Phoenix and California, and is 12 miles from Sky Harbor International Airport . The building features a clear height of 30 feet, a 175-foot truck court and 14,000 square feet of office space. The campus encompasses nearly 43 acres and includes 952 parking spaces for cars and 174 trailer spaces. The debt was provided by Benefit Street Partners. Seera was advised by CBRE Capital Advisors Inc. JLL acted on behalf of Duke Realty Corporation and Gramercy Property Trust in the transaction, according to JLL's Capital Markets experts in a GlobeSt.com exclusive. Managing directors Bo Mills and Mark Detmer , and executive vice president Pat Harlan led the JLL team on the deal. "Phoenix's industrial sector continues to be an attractive market to place capital, especially for assets such as the Buckeye Logistics Center with credit tenancy and a superior location," said Mills. "Class-A products with state-of-the-art features such as Buckeye Logistics Center exemplify the best this leading industrial market has to offer." PHOENIX—Proximity to the Southwest's major urban areas and high-quality assets continues to attract capital and propel Phoenix industrial sales. An example of that type of high-quality asset is the fully leased, class-A industrial property, Buckeye Logistics Center . The Koll Company recently purchased the asset for $74.75 million. This was a partnership between The Koll Company and Seera Investment Bank B.S.C.(c), a private equity firm based in the Kingdom of Bahrain with investments across global markets. Gerald O. Yahr Buckeye Logistics Center is located two miles from the Interstate 10 freeway, which connects Phoenix and California, and is 12 miles from Sky Harbor International Airport . The building features a clear height of 30 feet, a 175-foot truck court and 14,000 square feet of office space. The campus encompasses nearly 43 acres and includes 952 parking spaces for cars and 174 trailer spaces. The debt was provided by Benefit Street Partners. Seera was advised by CBRE Capital Advisors Inc. JLL acted on behalf of Duke Realty Corporation and Gramercy Property Trust in the transaction, according to JLL's Capital Markets experts in a GlobeSt.com exclusive. Managing directors Bo Mills and Mark Detmer , and executive vice president Pat Harlan led the JLL team on the deal. "Phoenix's industrial sector continues to be an attractive market to place capital, especially for assets such as the Buckeye Logistics Center with credit tenancy and a superior location," said Mills. "Class-A products with state-of-the-art features such as Buckeye Logistics Center exemplify the best this leading industrial market has to offer."

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Proximity to Urban and Quality Assets Propel Sales

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